Agency Contract
This Agency Contract (the “Agreement”) is entered into this [day] day of [month], [year] by and between [principal] (the “Principal”) and [agent name] whose principle place of business is located at [address], (the “Agent”).
In consideration of the mutual promises and conditions set forth herein, and for other good and valuable consideration, the parties herein agree as follows:
1. Duties of the Agent
The Principal appoints the Agent to act as its exclusive representative for the purpose of [state purpose of agreement]. The Agent shall perform all of its duties with the utmost care and skill and in accordance with all applicable laws, regulations, and ordinances.
2. Authority of the Agent
The Agent is authorized to act on behalf of the Principal in all matters relating to [state purpose of agreement]. The Agent shall be responsible for making all decisions, entering into contracts, and performing all other acts necessary to accomplish the purpose of this Agreement.
3. Compensation
The Principal shall pay the Agent a fee of [fee] upon the completion of each contract or other approved activity. The compensation shall be paid within [timeframe] after the completion of the services.
4. Termination
This Agreement may be terminated by either party with prior written notice to the other given in accordance with the provisions herein.
In the event of such termination, the Agent shall be entitled to receive payment for all services rendered in accordance with this Agreement at the time of termination.
5. Indemnification and Liability
The Agent shall indemnify the Principal and its affiliates, directors, officers, and employees from any and all claims resulting from the Agents acts or omissions pursuant to this Agreement.
6. Confidentiality
The Agent agrees to keep confidential any information that the Principal may provide regarding this Agreement or the duties performed for the Principal.
7. Dispute Resolution
In the event of any dispute or disagreement arising out of this Agreement, the parties hereto hereby agree to endeavor to resolve the same by mutual agreement. If the parties hereto cannot resolve the dispute by mutual agreement, they shall submit the dispute to binding arbitration in accordance with the [governing body] rules and regulations.
8. Miscellaneous
This Agreement constitutes the entire agreement between the parties hereto and supersedes any and all prior agreements, understandings, and negotiations between the parties hereto.
The Agent shall not assign any of its rights under this Agreement without the express written consent of the Principal.
This Agreement shall be governed and interpreted in accordance with the laws of the [governing jurisdiction].
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
[Principal]
[Agent]
